Beef Cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed firm on Friday, partly on positioning ahead of the U.S. Department of Agriculture’s monthly Cattle on Feed report. Analysts expect the data at 2 p.m. CT to show decreased cattle placements in February compared with a year ago. April closed 0.35 cent per pound […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures sank to their lowest level in five years on Thursday, given ample supplies versus slack pork demand, said traders and analysts. “Pork demand never recuperated from the high prices we had in the past,” said EBOTTrading.com senior analyst John Kleist. Pork demand is compounded by […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures closed sharply higher on Wednesday, with April and June up by the three-cents-per-pound price limit, led partly by their discounts to this week’s cash price expectations, traders said. April and June finished at 156.575 and 148.475 cents/lb., respectively (all figures US$). Futures’ limit will be […] Read more

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday erased some of Monday’s losses, supported by short-covering in response to strong wholesale beef values, traders said. April closed up 0.375 cent per pound, to 153.575 cents, and June 0.5 cent higher at 145.475 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more

Chicago | Reuters –– Chicago Mercantile Exchange lean hogs extended losses for a seventh consecutive session Friday on downward-trending cash and wholesale pork prices, traders said. April closed 0.2 cent per pound weaker at 62.1 cents, and May 0.825 cent lower at 71.425 cents (all figures US$). Friday morning’s average market-ready or cash hog price […] Read more